Oil Prices Jump After Senate Passes Debt Ceiling Bill ...Middle East

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Oil Prices Jump After Senate Passes Debt Ceiling Bill
source : OILPRICE ( Middle East ) () 38
After dipping on news of another U.S. inventory build, crude oil prices rebounded after Senate voted to pass a debt ceiling bill that ended fears of a U.S. debt default. Following the news about the bill, crude oil prices added 3% by the end of trade on Thursday and were still climbing at the time of writing, with Brent crude moving closer to $75 per barrel and West Texas Intermediate at $70.76 per barrel. Default fears were the major factor pressuring oil prices over the past couple of weeks as Democrats and Republicans appeared unable to come…

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